BIDEN ORDERS BAN ON CERTAIN US TECH INVESTS IN CHINA
The Business Guardian|August 11, 2023
The order to be implemented next year - restricts investments in semiconductors and microelectronics, quantum tech and AI
BIDEN ORDERS BAN ON CERTAIN US TECH INVESTS IN CHINA

US President Joe Biden signed an executive order banning American investments in key technology industries that could be used to enhance Beijing’s military capabilities, as per the media report.

Biden’s decision comes as the latest in a series of moves putting further distance between the US and China. The order will ban venture capital and private equity firms from investing money in Chinese efforts to make semiconductors and other microelectronics, quantum computers, and certain artificial intelligence applications, according to the report. Administration officials said that the decision was taken to protect national security, according to the media report.

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The Business Guardian

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The Business Guardian

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The Business Guardian

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The Business Guardian

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The Business Guardian

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The Business Guardian

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2 mins  |
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The Business Guardian

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The Business Guardian

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The Business Guardian

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2 mins  |
November 15, 2024
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The Business Guardian

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